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SHOCKING: 4 - You Need To See This

US company hiring plans weakest since 2009; Thames Water creditors propose new rescue plan – as it happened

UK companies’ hiring plans also weaken; European shares hit record high

The Guardian - UK

Thames Water rolls out scheme to automatically cut low-income households’ bills

Those identified as needing assistance do not need to apply to be included in the scheme, which will automatically cut their bills.

Evening Standard

£500m Thames Water desalination plant has provided just seven days’ water over 15 years

Plant in Beckton has run only five times and has been beset by multiple problems since it was built

The Guardian - UK

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Thames Water paid £1m-plus to corporate spooks firm part-owned by Starmer adviser

Exclusive: Hakluyt – formerly run by Varun Chandra – has been advising utilities company as it tries to avoid renationalisation

The Guardian - UK

London’s infamous ‘Wet Wipe Island’ finally cleared of 5 million wipes

Some 114 tonnes of material, including towels, scarves, trousers and even a set of false teeth, have now been removed

The Independent UK

Five million wet wipes cleared from disgusting 'island' in Thames — as false teeth and trousers also found

Diggers scooped up wipes, towels, scarves, trousers, a car’s engine timing belt and a set of false teeth from the river foreshore in west London

Evening Standard

The best and worst performing water companies revealed by watchdog

Household complaints to the Consumer Council for Water have surged to a nine-year high

The Independent UK

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Two major UK water companies to pay out £86m over wastewater spills

Ofwat said it found a ‘range of failures’

The Independent UK

Our charity could have lost thousands due to Thames Water delay

It took a year and a half after we paid for installation for the company to connect our refurbished property

The Guardian - UK

Rescue plan at Thames Water is still too murky

Creditors’ breezy description of their proposal gives a few selected highlights but lacks anything to reassure the poor old customers

The Guardian - UK

FTSE 100 Live 03 September: Bond market pressure continues, date set for autumn Budget

Financial markets are on edge after yesterday’s global bonds sell-off pushed the UK’s 30-year gilt yield to its highest level since May 1998.

Evening Standard

Thames Water to do fewer improvement projects under lenders’ new rescue plan

New consortium says infrastructure projects must be cut back to make beleaguered company viable again

The Guardian - UK

Thames Water unveil £20.5 billion action plan to revive struggling water firm

Thames Water is on the brink of nationalisation as it struggles under a mountain of debts

The Independent UK

Thames Water creditors outline £20.5bn investment aims under rescue plans

The London & Valley Water consortium is pledging to ‘fix the foundations’ of Thames Water with the mammoth spending proposal put forward to Ofwat.

Evening Standard

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The Guardian - UK

English water firms spend £16.6m on legal fees over environmental breaches

MPs on Commons committee describe figures as a waste and say money should have been used to fix infrastructure

The Guardian - UK

Reeves says Thames Water should find ‘market-based solution’

Chancellor aims to reassure creditors but says ministers are planning for all options including special administration

The Guardian - UK

Thames Water agrees payment plan for £123m sewage and dividend fines

Ofwat gives the company breathing space as it scrambles to secure funding to avoid nationalisation

Evening Standard

Thames Water to pay fifth of record £122.7m fines by end of September

The remaining 80% is dependant on the financial security and future of the debt-laden water supplier, but a backstop has been set for March 31 2030.

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The Independent UK

Thames Water agrees new £122m fine payment plan amid concerns over its future

Campaign group River Action slammed it as a ‘sweetheart deal’

Evening Standard

The 2,000 London homes pumping waste straight into the rivers

Thames Water has identified 2,294 misconnections in properties throughout London over the past five years

The Guardian - UK

‘Even Puerto Rico paid its bill’: Thames Water creditor suggests backers are safe

Creditors of US territory’s were protected during municipal default, says Assured Guaranty’s chief executive

The Guardian - UK

Ofwat – what are they thinking of?

Letters: A drought of ideas | Double-yolkers | Our beautiful launderettes | Good Friday dispute | Potato planting

The Guardian - UK

Thames Water says new Abingdon reservoir could cost bill-payers up to £7.5bn

Price rise to three times original budget is a blow to government’s reservoir expansion plans

The Guardian - UK

Hong Kong’s CKI a leading contender to buy Thames Water, reports say

The infrastructure company is among those lining up to acquire the struggling utility if it collapses

Evening Standard

Chinese firm could take over failing Thames Water marred by £16 billion worth of debts and sewage scandal

Ministers are preparing to take Britain’s biggest water supplier into temporary public ownership

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